CDA Islamabad Launches First-Ever Digital Parking System Islamabad has taken a big step towards modernization by introducing its first state-of-the-art digital parking system. The system has been designed to meet international standards and aims to make vehicle parking more efficient while raising awareness about the benefits of going digital among the public. Initially launched in the G-8 center, the...
CDA and IAP Join Forces for Urban Development and Architectural Innovation Islamabad, Pakistan: The Capital Development Authority (CDA) and the Institute of Architects of Pakistan (IAP) have agreed to work together to improve Islamabad's urban development and architectural landscape. In a recent meeting, CDA Chairman Muhammad Ali Randhawa met with an IAP team led by President Ar. Zulfiqar Ali. The...
FBR Eliminates Holding Period for Property Capital Gains Tax in 2024 The Federal Board of Revenue (FBR) has repealed the holding term requirement for property capital gains tax for properties purchased on or after July 1, 2024, according to press reports. (Lahore, August 2024) In a recent development, the FBR eliminated all holding term limitations for capital gains tax for properties...
Investing in Pakistan's Tourism Real Estate: A New Frontier Post Big City Setbacks Introduction There have been notable declines in the real estate markets of major cities in Pakistan that have led to investors opting for other alternatives. As urban centers lose their appeal, attention moves towards expanding tourism real estate in places such as Kalam in Swat which are endowed with scenic beauty and...
Which Is Better for Investments, DHA Islamabad or Bahria Town Rawalpindi? DHA Islamabad and Bahria Town Rawalpindi are the most well-known and reputable housing brands in Pakistan. These two real estate heavyweights have been working together for decades, delivering a variety of luxury home projects across Pakistan. However, the Islamabad-Rawalpindi branches are regarded as superior...
Budget 2024-25: PM Shehbaz Leads NEC Meeting on Development Programmes ISLAMABAD: The National Economic Council (NEC) will meet under the direction of Prime Minister Shehbaz Sharif at PM House to complete the development plan for the upcoming fiscal year. In addition, the four provincial chief ministers and representatives from the federation and provinces will discuss the development programme for...
Pakistan-China Investment Agreement for New Projects ISLAMABAD: To encourage investment in important projects, the National Bank of Pakistan and China Pakistan International Silk Road Industry Investment Management Company Ltd. have inked an MOU. The objective of this agreement is to: Promote industrial collaboration. Support the creation of special economic zones. Increase...
Two-Day Pakistan-Saudi Arabia Investment Conference Kickstarts in Islamabad Islamabad: A Saudi delegation led by Deputy Investment Minister Ibrahim Almubarak arrived in Islamabad for a three-day visit. Jam Kamal, the Commerce Minister, and Musadik Malik, the Petroleum Minister, greeted the team at Nur Khan Airbase. The delegation has come to...
Japan commits USD 9.8Mn grants for ISB’s Projects Islamabad: The Japanese government has allocated further grants totalling around USD 9.8 million for two projects in Pakistan. These initiatives include "Installation of Weather Surveillance Radar in Sukkur City" and "Extension of Maternal and Child Health Care Facilities in Sindh." These grants are primarily intended to...
CM Punjab Approves Online Property Transfer Service for Overseas Pakistanis LAHORE: Punjab Chief Minister Maryam Nawaz has announced plans to develop an online property transfer service designed exclusively for overseas Pakistanis, with the goal of protecting expats from potential fraud. The newly elected provincial leader stressed the importance of this endeavor while chairing a special meeting of...
Punjab CM Launches “Sarkein Bahaal, Punjab Khushhal” Project Lahore: During a special meeting to improve Punjab's socioeconomic development, Chief Minister Maryam Nawaz announced the "Sarkein Bahaal, Punjab Khushhal" project. CM Punjab has issued an order requiring all roads in the province to be restored within the next six months. The repair and restoration work will encompass both...
CDA Announces Plan to Plant 10 Million Trees in Margalla Hills Islamabad: The Margalla Hills will once again be covered with forest, according to a project started by the Capital Development Authority (CDA) in a major step towards environmental conservation. The innovative project aims to plant 10 million trees throughout the Margalla Hills National Park with an investment of...
FGEHA Acts Against Illegal Constructions in Islamabad's Sectors G-12 and G-15 Islamabad:The Federal Government Employees Housing Authority (FGEHA) recently conducted an anti-encroachment operation in sectors G-12 and G-15/3 in Islamabad. The operation, carried out in collaboration with the Deputy Commissioner, Encroachment Wing, Islamabad Police, and ICT Administration, targeted illegal constructions and...
What is a Novation Agreement in Real Estate? Understanding Novation Agreements in Real Estate Introduction In the dynamic world of real estate transactions, novation agreements play a crucial role in facilitating seamless transfers of contractual obligations between parties involved. Novation is a legal concept that enables the substitution of one party in a contract with the mutual consent of all...
From Ballot to Better: How Your Vote Shapes Pakistan's Future Simple Steps, Big Impact: Voting in the 2024 Pakistan Elections Introduction As we approach February 2024, Pakistan is gearing up for a big event the general elections. These elections give us, the people, the power to choose our leaders, and it's a pretty important job. With a population of nearly 250 million people, the power to shape...
Landster.pk: One of the Best Realestate Property Portal in Islamabad The Ultimate Guide to Buying, Selling, and Renting with Landster.pk in Islamabad In the ever-evolving world of real estate, finding a reliable platform to buy, sell, or rent property is essential for a smooth and successful transaction. For residents and prospective investors in Islamabad, Landster.pk stands out as a beacon of trust...